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KEY REASONS TO START REAL ESTATE INVESTMENT IN KERALA
Residential property investment is a big decision and is not an easy task. The processes are daunting but when we do it in the right manner at the right time; it will become the biggest asset in our lifespan. Now the real estate sector has gone through a vast deal of changes to make the home buying process simpler than ever before. If you are waiting for the right time to invest in the realty market, then wait no longer. Now the niche market is seeming a tremendous rise in demand for reasons like sparse area, rise in population, and immigration of individuals from different states and nations. So here are the top reasons why you need to invest in property at the earliest.
Time Lets You to Take Risks
People who begin investing in properties late in their life are often inherently more alert and careful with the investment decisions and are not ready to take any risks. Those people who are in the age group of the early 30s are ready to take risks and they often earn good gains too. Honestly, all investments are risky and if you put the risk at the right time helps you earn more profits.
Consistent Hike in the Price of Properties
There is no doubt that real estate is one of the safest investment you can ever make as it is always guaranteed to rise in value over time. For example, studies prove that Metro cities like Kochi & Trivandrum have recorded a substantial growth rate than in the last few years. This indicates that investing in the right property without any much delay would double the value in a few years.
Higher EMIs to Pay As You Get Older
Young age works in your favour when you are investing in real estate. In this age, you can save enough and also avail loans without much hassle. Here you get to pay a very less EMI on your home loan the younger you are. That is, when you are young, you get more opportunity to invest than in the older age. So, take plus of that fact. After all, you are young only once.
Loan Availability
When an individual starts investing in their early 30s, the odds for a financial organization to approve a loan is more because she or he would be having a stable source of income for loan payment along with a decent credit score.
No Rental Payments
Rather than spending too much of amount in giving the rent for your home, you can invest in a real estate and turn to pay the home loan EMI for it. It will be your future investment and it surely aids you more than paying for the rented homes.
Support Your Retirement Plans
The early age investment increases the chance for financial stability even at a younger age. So think about the savings for retirement from the age of 25s rather than the age of 50s. Life after the retirement is more challenging and complicated than it has ever been, so make proper plans for your retirement now, which in turn lead to a happier life after retirement.
If you are finally planning to invest in a home of your own, then visit Varma Homes, the most leading builders in Kerala. Our top-notch quality of construction and superb prime locations make our apartments the best choice for first-time home buyers. So, what are you waiting for? Owning your dream home may not be easy, but it’s definitely worth it when you realize it at the right time. Ping us to know more about our projects or visit: www.varmahomes.com
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What Questions To Ask When Buying An Apartment
When it comes to finding the ideal apartment, there's a multitude of factors to consider. From understanding the overall cost, amenities, and security measures to evaluating the neighborhood and transportation options, each aspect plays a pivotal role in making an informed decision. Whether you're looking for flats for sale in Kochi, apartments in Thrissur, or a flat in Thiruvananthapuram, this guide will provide you with a comprehensive set of questions to ask and considerations to make during your apartment hunting journey.The Total Cost Of The Apartment, Including Closing Costs, Property Taxes, And Any Other Fees?Contact a real estate agent or an attorney to assist you to understand the costs of the acquisition, such as closing charges, transfer taxes, and other fees. Consult your lender to learn about the costs of your mortgage, such as interest rates, loan fees, and mortgage insurance. Investigate the property taxes in the neighborhood where the unit is located. This information is usually available on the website of the local government or by calling the local tax assessor's office. Assess whether there are any additional expenditures related to the purchase, such as homeowners association fees or utility charges. Put all of these expenditures together to get the total price of the unit. Varma Homes, renowned builders in Kerala, are here to provide you with the necessary guidance to unravel these intricacies and address your queries.The Square Footage Of The Apartment, And How Does It Compare To Other Apartments In The Area?More apartments in the region can be found by looking at listings or sales data for other apartments. You may also compare the costs of comparable apartments in the neighborhood to discover how square footage impacts the pricing. Remember that the location, age, and facilities of the building may all affect the price, so keep all of these aspects in mind while comparing apartments in the neighborhood. Analyze the listing or sales details for the flat. This should contain the apartment's square footage. If the square footage is not provided, you may need to inquire with the seller or real estate agent. Examine the floor plan of the flat. This should help you estimate the square footage by giving you a sense of the layout and size of the rooms. You can measure the apartment using a tape measure or other measuring instruments. This might be time-consuming, but it will provide you with an exact measurement of the space. Varma Homes offers the most qualified staff to support you in your endeavors to make the process easier for you.Amenities Are Available In The Building, Such As A Gym, Pool, Or Laundry FacilitiesWhen selecting amenities, evaluate what you require and what you are prepared to spend for. A gym or pool, for example, may be vital facilities for you if you value fitness and exercise. If you don't have a car, check to see if the building provides laundry facilities. Consider any extra expenditures related to the facilities, such as gym membership fees or higher maintenance fees. Amenities may increase the value of an apartment and make it more desirable to prospective purchasers or renters. Having a rooftop terrace or communal area, for example, may make the building more appealing and boost its worth. They improve the comfort and enjoyment of your living area. Air conditioning, a dishwasher, or a balcony, for example, may make your apartment more pleasant and improve your living experience.What Is The Neighborhood Like, And What Are The Nearby Schools, Restaurants, And Shopping Areas?Check up on the neighborhood and read articles or blog entries on living there. This might offer you a sense of the area's personality, culture, and atmosphere. Spend some time roaming the neighborhood to acquire a sense of the surroundings. Search for neighborhood stores, restaurants, parks, and other facilities. If you have children or intend to have children in the future, you should look into the local schools. Check up on their ratings and reviews to get an idea of how good they are. Browse the restaurants and retail centers in the region to discover what possibilities are available. This might assist you in determining whether the region provides the facilities you require. Engage in a conversation with residents to learn more about what it's like to live in the region. They may be able to provide you with information on the neighborhood's strengths and disadvantages.What Is The Parking Situation, And Is There A Dedicated Spot For Your Car?While purchasing an apartment, it is essential to evaluate the parking issue, especially if you own a car. You want to make sure your vehicle is safe and convenient to park. Some flats include a designated parking space or garage. If so, inquire about the fee and availability of the parking space. What are your choices if there is no designated parking? Certain buildings may provide parking permits on the street, shared parking lots, or neighboring parking facilities. Be sure to inquire about the price and availability of these alternatives. Inquire about the security of the garage or parking lot if there is dedicated parking. Is your car protected by security cameras or other measures? Are there any parking restrictions in the area? Parking restrictions or permits are required in some localities. Check for any parking limitations that may affect your ability to park. Take into account how close the parking is to your unit. The Security Situation In The Building And Surrounding Area?You want to ensure that the building is safe and that no illegal individuals may enter. Look around for security features such as cameras, street lights, or police presence. If you feel uncomfortable in the region, it may have an influence on your quality of life. Examine the crime rate in the area to get a feel of the neighborhood's safety. You may look up crime statistics online or ask people for their opinions. Inquire about any security issues that have occurred in the facility or the surrounding region. This might help you determine the amount of security you can expect. Check to see if the building is in a flood or seismic zone. If this is the case, inquire about the building's safety measures and emergency exits.What Is The Availability Of Public Transportation In The Area?Look for public transportation options in the region, such as buses, trains, or subways. Check that the transportation alternatives are appropriate for your needs. If you rely on public transit to get about on a regular basis, be sure the services are frequent enough to fit your schedule. If it is too far away, it may disrupt your regular routine. Look at the cost of public transportation, such as a monthly pass or a single fare. Ensure that the price is within your budget. Examine the public transportation system's dependability, such as how frequently buses or trains are delayed or canceled. If the system is faulty, it may disrupt your regular activities. When buying an apartment, it's critical to evaluate the availability of public transit, especially if you rely on it for your daily commute. By asking these questions and conducting research, you may have a better grasp of the public transportation situation in the region. Conclusion:Embarking on the journey to find the perfect apartment requires careful consideration of various factors. Whether you're exploring flats for sale in Kochi, apartments in Thrissur, or a flat in Thiruvananthapuram, it's crucial to delve into aspects like costs, amenities, security, and neighborhood characteristics. By asking the right questions and conducting thorough research, you'll be well-equipped to make a confident decision that aligns with your lifestyle and preferences. Remember, the right apartment isn't just a place to live; it's a place to call home.
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Is Buying an Apartment a Good Investment in Trivandrum?
Trivandrum, the capital city of Kerala, is a fast-growing hub for technology, tourism, and healthcare. The city's strategic location and booming economy make it an ideal place for investment in real estate. Buying an apartment in Trivandrum can be a good investment, provided you make an informed decision. In this blog, we will discuss the advantages and disadvantages of investing in apartments in Trivandrum.Advantages of buying an apartment in Trivandrum:High appreciation value:The real estate market in Trivandrum is growing rapidly, with property prices increasing year on year. Buying an apartment in Trivandrum can yield high returns on investment in the future.Future developments:Trivandrum will soon have its own metro rail system, known as the "Light Metro," which is anticipated to enhance both the standard of life for its residents and the city's development. The upcoming Vizhinjam port is also expected to accelerate the development and prosperity of the city. The real estate industry will expand as a result of all these factors.Flats in Kochi is a big example of this.With its superfast metro and rapid development their value in the real estate market has skyrocketed.Along with this the new 6 lane highway will make traveling to northern parts of Kerala much quick and easyStable rental income:Trivandrum has a high demand for rental properties, making it an ideal place to invest in an apartment. Investors can expect a stable rental income from their investment. Technopark:Technopark, the IT centre in Trivandrum, is growing and is expected to soon surpass all others in size in the nation. Currently, Technopark is home to over 350 Indian and international businesses that hire over 60,000 professionals from all over India. As a result, there will be a higher demand for homes to accommodate the expanding population. Developed infrastructure:Trivandrum has well-developed infrastructure, including excellent road networks, public transportation, and healthcare facilities. This makes it an ideal place for families and professionals to live, which further increases the demand for apartments. As it's the capital of Kerala state all head offices of governments and other agencies are found here and chance of people renting apartments for work related reason is high and this makes is a perfect place to invest (high returns on rentals)High-quality construction:The construction quality of apartments in Trivandrum is high, with most commercial builders in Kerala using high-quality materials and modern construction techniques. This ensures the durability and longevity of the property, reducing the maintenance costs over time.Tax benefits:Investing in an apartment in Trivandrum comes with several tax benefits. Investors can claim tax deductions on the principal and interest paid on the home loan, which can significantly reduce their tax liabilities.Tourism:Nestled on 7 undulating green hills, Trivandrum is blessed with a bounty of natural beauty spots including a number of attractive beaches. Having been the capital of the erstwhile Kingdom of Travancore, the city is also home to numerous beautiful old buildings and tourism spots for both domestic and international tourists.ConclusionBuying an apartment in Trivandrum can be a good investment if done with careful consideration. Factors such as location, construction quality, rental income potential, tax benefits, legal due diligence, and market fluctuations should be taken into account before making the investment. By following these guidelines, investors can ensure that they make a wise and profitable investment in real estate in Trivandrum.Due to the rapid market change, now is the ideal time to invest in or purchase residential properties, flats, and apartments in Trivandrum and also outside Trivandrum such as ready to occupy flats in Thrissur which is another growing tourist sensation with a lot more potential in the market. One of Trivandrum's most reputable and trustworthy builders, Varma Homes, provides high-quality residential buildings with top-notch amenities in excellent locations.
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Advantages of Being a First-time Homebuyer in Thrissur: A Wise Investment for Your Future
Investing in a home is one of the most significant decisions in a person's life, and being a first-time homebuyer in Thrissur, Kerala, offers numerous advantages. Thrissur, known as the cultural capital of Kerala, is a city that seamlessly blends tradition with modernity. Its rich history, vibrant culture, and robust economy make it an attractive destination for homebuyers. In this article, we will explore the advantages of investing in apartments and flats in Thrissur, the benefits of choosing under-construction flats, and the value of eco-friendly apartment ideas and landscaping in Kerala. Additionally, we will emphasize the importance of selecting budget-friendly apartments to secure a wise investment for your future.1. Growing Real Estate Market in ThrissurThrissur has seen significant growth in the real estate market over the years. As the city's infrastructure improves, more people are attracted to settle here, leading to an increased demand for residential properties. With various builders in Thrissur offering a wide range of apartments and flats, first-time homebuyers have a plethora of options to choose from.2. Apartments and Flats in Thrissur: A Diverse ChoiceFirst-time homebuyers in Thrissur can explore a diverse range of apartments and flats tailored to their needs and preferences. Whether you desire a modern, luxurious apartment in the heart of the city or a serene flat amidst nature, Thrissur's real estate market has it all. The availability of multiple options ensures that buyers can find a property that aligns with their lifestyle and financial requirements.3. Benefits of Buying An Under-Construction FlatFor first-time homebuyers, investing in an under-construction flat can be a strategic decision. Such properties often come at a lower price compared to fully constructed ones. As Thrissur's real estate market continues to thrive, the value of under-construction flats tends to appreciate significantly over time. Additionally, buyers have the advantage of personalizing their space by choosing the interior designs and finishes, making it truly their own.4. Eco-Friendly Apartment Ideas and Landscaping in KeralaAs environmental consciousness rises globally, eco-friendly apartment ideas are gaining traction in Thrissur. Many builders are incorporating sustainable practices into their projects, such as energy-efficient appliances, rainwater harvesting systems, and green spaces. Landscaping in Kerala is renowned for its beauty and natural appeal, and eco-friendly apartments with lush greenery promote a healthier and more peaceful lifestyle for residents.5. Financial Incentives for First-Time HomebuyersThe government of Kerala often introduces financial incentives and schemes to encourage first-time homebuyers to invest in residential properties. These incentives can include reduced stamp duty rates, subsidies on home loans, or tax benefits. Taking advantage of these benefits can significantly ease the financial burden for first-time homebuyers, making it an opportune time to invest in Thrissur's real estate market.6. Long-term Investment and Equity BuildingPurchasing a property as a first-time homebuyer in Thrissur is a prudent long-term investment. Real estate tends to appreciate over time, and owning a home can serve as a valuable asset that builds equity. As the property value increases, homeowners can leverage it for future financial endeavors or as a safety net during unforeseen circumstances.7. Security and StabilityOwning a home in Thrissur provides a sense of security and stability for first-time buyers. It eliminates concerns about frequent rent increases, allows the freedom to make home improvements without seeking landlord permission, and offers a stable environment for families to grow and thrive.8. Potential Rental IncomeFor those not planning to occupy the property immediately, owning an apartment or flat in Thrissur offers the opportunity to generate rental income. The city's growing population and the influx of professionals and students create a steady demand for rental properties, ensuring a reliable stream of passive income for homeowners.ConclusionBeing a first-time homebuyer in Thrissur offers numerous advantages, making it a wise investment for your future. The city's thriving real estate market, diverse choices in apartments and flats, the option of under-construction properties, and the adoption of eco-friendly apartment ideas contribute to the appeal of investing in Thrissur. Financial incentives and the potential for equity building provide further encouragement. By choosing budget-friendly apartments, first-time buyers can secure their dream home and embark on a prosperous journey in the cultural capital of Kerala.
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Mistakes When Buying Ready To Move Apartments
Buying a new property can be a very challenging task, as for a newly constructing property you will have to work along with the property builders. While buying a previously owned house, you can easily get enough and more information regarding it. The flat builders with whom you have decided to work along or to buy your new flats from, make sure to get their complete details and do not forget to check the builders’ background or previous construction history. The following are the most common mistakes that people make when buying a new property: 1. Lack of Proper Research The most fundamental step in buying a new property is research. Select a city based on your preference and make the basic enquiries about its vicinity, safety, infrastructure and development of the area in the near future, etc. The home-buyers have a tendency to listen to other’s opinions and forget to do this crucial step. 2. Consider Pros and Cons Getting first-hand information is always better than relying upon secondary resources. Look for the lifestyle of the area to best suit you and your needs by checking the proximity to local markets, malls, schools and hospitals. These are the basic requirements to consider if you are planning to move in with your family. Varma Maalika and Varma Regent of Varma Homes are the ready to occupy flats in Ernakulam which have already received an overwhelming response from the public. Both these carefully built apartments are accessibly erected in the prime residential areas of Ernakulam city. The new luxury apartments of Varma Maalika in Thripunithura, specifically positioned at S.N. Junction is proximate to almost everything. The place is interconnected to temples, shopping malls, schools like Bhavans, Choice & Chinmaya; and connectivity to mini bypass, the seaport - airport road and more. Varma Regent’s luxury flats in Edappally is nearby to all the prominent healthcare centres, famous educational institutions, popular hangout spots and other major commercial developments. Apart from the proximity to Lulu Mall, its easy access to Metro Station is an added advantage of Varma Regent. 3. Don’t go beyond your budget Don’t forget about your financial status when buying a new property. Plan your budget accordingly and apply for a home-loan in advance to avoid any unpredictable financial crisis in the future. This is just the right opportunity for you to purchase any of the under-construction projects progressing within the metro city limits. Under the Pradhan Mantri Awas Yojana (PMAY) scheme, a home loan subsidy interest amount of Rs 2.67 lakhs is provided to the beneficiaries and the amount is credited to their loan account. The Government of India is planning to drop the GST rate for property purchases with an aim to push demand, under the Credit Linked Subsidy Scheme (CLSS) from 12% to 8%. On booking Varma Homes, you can avail CLSS scheme under the PMAY on home loans and save upto 2.67 Lakhs (*Terms and conditions apply) and an additional 4% Goods and Services Tax (GST) deduction will also be available. 4. Verbal Promises Don’t fall for the verbal promises of your apartment builders, later on you may face the challenge of not having your dream home built the way you wanted it to be. So in order to avoid making such a mistake, visit the worksite personally during the construction and afterwards. Varma Homes strives to uphold their promise ‘Quality Assured Affordable Homes to All’ in every residential venture that they undertake. It is the essence of their mantra ‘Constructing Happiness’. The top builders in Kochi guarantees prompt delivery of their projects, as the motto of Varma Homes itself says “Varma Promises Timely Delivery” and they also complete their projects on time. For an instance, both Varma Regent and Varma Maalika, the residential projects in Kochi (Hurry up, only a few units left!) were not delayed, instead it were delivered well before the agreed dates and their present clients are immensely satisfied with their ready to move flats in Cochin. Always choose the most dependable and trustworthy home builders when buying a new property. Varma Homes is one of such reputed builders in Cochin.
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Investing in Mutual Funds /Shares /Real Estate, Which is better?
Mutual Funds/ Shares /Real Estate Confused between mutual funds v/s shares v/s real estate? Get to know how financing in real estate is more constructive than shares or mutual funds. At present time of rising inflation and cumulative costs, it has become very tough to preserve a good régime with a poor source of revenue. It has made persons keen to search for other alternative sources of revenues. While investment looks like a money-spinning choice for extra earnings but again searching too many available alternatives on the niche market is genuinely a hard-hitting job to pick the best among them. Mutual funds, real estate, gold, shares, etc. are some of the key investment choices that one looks into, but each has its own pros and cons. Pros & Cons of Real Estate Real estate can give you benefits like rental income, security against inflation and capital appreciation. If you have a plan to take a home loan, you will get full tax benefits against the interest as well as the instalments. When you invest in the realty market, it is time-saving and money generating which will give you various profits. Pros: Real estate increases in value over time. Convenient and more comfortable to invest and develop with other supplementary securities Concrete and substantial investment Offer remarkable inflation conditions Leverages in real-estate are harmless Cons: • Before finalizing the deal, requires a lot of homework about mortgages, insurance, negotiation, titles, finding the right investment property, etc.• Time-consuming if you plan to rent or sell properties• Capital intensive in nature• Real estate has low liquidity• It requires maintenance Pros & Cons of Other Assets over the Real Estate A share market, equity market, mutual funds are the gathering of buyers and sellers. It is a loose network of financial transactions and not a distinct entity of stocks or shares. Mutual funds are the best way for the average investor to purchase investments which would be too difficult to manage on their own. But the truth is that the stock markets/mutual funds are highly volatile and risky to invest. Let’s have a look at the pros and con of other assets: Pros: When needed, it can be easily transformable into liquid cash Gives investors broad diversification. Less capital intensive in nature The assets are controlled by qualified fund managers Cons: Investments made in these kinds of assets involves a higher amount of risk over real estate Management Abuses Needs in-depth knowledge and understanding while selecting good equity stocks If you wish to begin your investment with a very smaller sum and have high liquidity requirements, with steady investment, then mutual funds would be an excellent choice for you. If you have a significant amount in hand for the down-payment and have very long-term investment goals, then the real estate can give you good returns along with a steady rental income. On the whole, financing in real-estate is less risky than equity shares or mutual funds. To invest in real estate is always an excellent choice, a solid and physical asset will always give immense satisfaction and big mental comfort over other financial assets like a mutual fund or stock. Obviously, mutual funds and stocks are also lucrative, but the risk factor is bigger. On the other hand, real estate is safer and the price of property always goes up after a few years. So returns are almost guaranteed. If you are looking for a property in the prime cities of Kerala with future returns around 60 lakh to 1 crore in five years, then you can come to the Varma Homes. We have ready to move, ongoing and new launch projects in Kochi, Trivandrum and Thrissur. By investing at our projects, you will definitely get a guaranteed return. Our homes are designed for a lifestyle of comfort and convenience and also you can find a range of thoughtfully handpicked amenities to enjoy commutable city living. So get in touch with us to know more about our projects and avail the early bird surprises that await you!
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